Swiscoin is one of the most popular cryptocurrencies in the world along with Bitcoin. Since Bitcoin had a few flaws, it was actually launched as an alternative. As the name suggests, a Swiss company created this currency with the help of some German companies. It follows the P2P method and with it’s help, you can make payments in any corner of the world. Like most currencies, Swiscoin follows the blockchain technology, and hence there is no centralized authority. You will earn interest and also have full authority over your money.

Registration

Registering for Swiscoin is also pretty easy. You will need a referral link. Once the signup process is completed, you will get 100 Swiscoins as welcome bonus, which is actually a very good offer.

Mining

It is a great time to invest in Swiscoin. As of now, swiscoins are traded at .01 euro and the mining difficulty is 4. If you are willing to invest in Swiscoins, then you first have to purchase one of their educational packs. The starting price of a pack is only 25 euros. You will get tokens in exchange for packs. These tokens will generate Swiscoins. For a 25 Euros pack, you will get 200 tokens. Since the mining difficulty is four, 200 tokens will fetch you 50 Swiscoins. In the future, if Swiscoin becomes a huge success, then even 50 coins will get you a lot of money.

Referral program

Apart from mining, you can also earn money by referring your friends and earning commissions from their purchases. The commission percentage is also pretty good. If any one of your referrals buys an educational pack worth 1000 Euros, then you will get 80 Euros as commission. Just with the help of commissions, you can earn a lot.

Frauds

Many people don’t prefer digital currencies, because they believe that there is a high chance for frauds. However, Swiscoin has come up with an effective solution to prevent frauds. They have launched a Know Your Customer (KYC) system. Because of this system, you will personally get to know the other traders. Hence, one cannot just run away with your money.

Swiscoin Wallet

Every user will have a Swiscoin Wallet to store their money. There are three things which you can do with the money in your wallet:

1. Transfer it to your bank account.

2. Invest it to buy more coins.

3. Swiscoin will also be launching a MasterCard in 2017. You can also use that card to cash out.